This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Thursday's Small-Cap Winners & Losers

Updated from 2:08 p.m. EST with new stock prices

Federal Reserve Chairman Ben Bernanke's expressions of concern about the economy offered little upside for small-cap stocks, which retreated along with the broader market Thursday. The Russell 2000 gave up 2.6% to 681.45, and the S&P SmallCap 600 slumped 2.5% to 353.77.

Perini (PCR) shares tumbled 26.9% to $27.56. The Framingham, Mass., construction company announced that the developer of its Cosmopolitan Resort & Casino project in Las Vegas defaulted on its $760 million construction loan Wednesday .

Also ticking to the red was Deerfield Capital (DFR). The Chicago specialty finance company announced last night fourth-quarter charges related to mortgage- and asset-backed securities amounting to $75.5 million and $14.6 million, respectively. Shares fell 8% to $6.82.

Despite the tough environment, several stocks managed to buck the gloom. Shares of Callaway Golf (ELY - Get Report) surged 11.8% to $15.60 after the maker of golf clubs raised forecasts for full-year 2007. The Carlsbad, Calif.-based company expects a 10% rise in revenue over 2006 to a record $1.13 billion. Callaway expects earnings per share, excluding charges, to be between 87 cents and 89 cents, compared with 43 cents a year ago. Analysts polled by Thomson Financial are looking for EPS of 87 cents.

Also rising on an upbeat forecast was Warren, Ohio's Stoneridge (SRI - Get Report). The stock rose 32.4% to $9.39 after the manufacturer of electrical components for trucks and farm machinery guided for fourth-quarter 2007 earnings per share between 24 cents and 30 cents and full-year EPS of 67 cents to 73 cents. Previous 2007 guidance was for 45 cents to 55 cents a share.

LaserCard (LCRD), a Mountain View, Calif.-based maker of identification technology, announced that the country of Angola had awarded it, Luanda-based DGM-Sistemas and Unisys (UIS - Get Report) a $90 million contract to supply the country with national citizen ID cards. LaserCard shares climbed 9.3% to $11.73. Unisys was unchanged at $3.54.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
ELY $9.94 0.51%
SRI $11.86 -0.17%
UIS $21.50 -1.50%
AAPL $132.83 2.00%
FB $82.50 1.20%


DOW 18,127.29 +47.15 0.26%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs